Question

Can anyone suggest what are key strategies followed by talent managers for retaining their employees?

Answer 1

Hey Nitesh, some of the key strategies which are really effective for talent management are:

• Arrange training and development program for upgrading employee skills.

• Understand the organization’s future business strategy.

• Identify the talent gaps and design the talent plan to close that gap.

• Take accurate hiring and promotion decisions.

• Develop talent to enhance performance by build proper communication system.

• Measure the business impact on workforce effectiveness before and after implementation.

• Design the reward and recognition policy.

Comments

To add to it, 

• Engagement and motivation

• Delivering leadership skills

• The crucial need for creativity

• Organizational transformation if needed.

Answer 2

A few ideas or strategies used are -

• Hold workshops on different areas and technologies.
• Office competitions or games.
• Company rewards and benefits.
• Promotion.
• Company employee awards.